Why did Greenspan say high inflation will lead to low housing pr

来源: miat42 于 2007-09-17 20:36:12 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (475 bytes)
本帖于 2007-09-18 10:08:24 时间, 由普通用户 表情符号 编辑

Just read Greenspan's new book. He seemed to suggest that a long term high inflation will lead to a lower capitalization of housing market. He offered no specific explanation on this. This opinion, whether it's right or wrong, is counter to conventional belief that suggests otherwise. In my understanding, an inflation would devalue the buying power, which will be reflected by higher asset price. I don't understand what Greenspan meant on this. Do you understand?

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• housing price is not part of cpi. -tafa- ♂ 给 tafa 发送悄悄话 (0 bytes) () 09/17/2007 postreply 20:39:05

• I know that. But that didn't explain why high inflation->low ho -miat42- ♂ 给 miat42 发送悄悄话 miat42 的博客首页 (0 bytes) () 09/17/2007 postreply 20:40:20

• higher inflation->higher fed rates-->lower house prices. -tafa- ♂ 给 tafa 发送悄悄话 (14 bytes) () 09/17/2007 postreply 20:44:19

• affordability--it takes time for income to rise in par with -左右逢源- ♂ 给 左右逢源 发送悄悄话 (134 bytes) () 09/17/2007 postreply 20:41:11

• Yes. when inflation rate is high, people will worry -山高月小- ♂ 给 山高月小 发送悄悄话 山高月小 的博客首页 (468 bytes) () 09/17/2007 postreply 20:51:11

• people now pay their credit card bills before their mortgages -tafa- ♂ 给 tafa 发送悄悄话 (0 bytes) () 09/17/2007 postreply 21:00:49

• I think inflation-->higher rate-->less borrowing--> -mnosense- ♂ 给 mnosense 发送悄悄话 mnosense 的博客首页 (167 bytes) () 09/17/2007 postreply 20:46:51

• higher inflation->more borrowing because it is profitable -longterminvestor- ♂ 给 longterminvestor 发送悄悄话 (230 bytes) () 09/17/2007 postreply 23:21:00

• Thanks for all your reasons, let me go deeper... -miat42- ♂ 给 miat42 发送悄悄话 miat42 的博客首页 (1555 bytes) () 09/17/2007 postreply 21:15:33

• in the long term, we are all dead. -tafa- ♂ 给 tafa 发送悄悄话 (0 bytes) () 09/17/2007 postreply 21:29:39

• True, but not that long, I was talking about 10 years -miat42- ♂ 给 miat42 发送悄悄话 miat42 的博客首页 (49 bytes) () 09/18/2007 postreply 08:06:49

• China's salary has been growing faster than inflation. -cultuslake- ♂ 给 cultuslake 发送悄悄话 cultuslake 的博客首页 (263 bytes) () 09/17/2007 postreply 21:44:36

• But that still hasn't answered the question: -miat42- ♂ 给 miat42 发送悄悄话 miat42 的博客首页 (135 bytes) () 09/18/2007 postreply 08:05:27

• housing is increasing defensively in inflation env -longtermInvestor- ♂ 给 longtermInvestor 发送悄悄话 (343 bytes) () 09/17/2007 postreply 23:27:12

• 回复：Thanks for all your reasons, let me go deeper... -edufmcn- ♂ 给 edufmcn 发送悄悄话 (1585 bytes) () 09/19/2007 postreply 14:08:27

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